Norwood Financial (NASDAQ:NWFL) Rating Lowered to “Sell” at StockNews.com

Norwood Financial (NASDAQ:NWFL) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Several other equities analysts have also weighed in on the company. Piper Sandler initiated coverage on Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price on the stock. Janney Montgomery Scott initiated coverage on Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock.

Norwood Financial Stock Down 0.1 %

Shares of Norwood Financial stock traded down $0.02 during midday trading on Tuesday, hitting $25.48. The company’s stock had a trading volume of 16,171 shares, compared to its average volume of 11,988. The firm has a market capitalization of $206.18 million, a P/E ratio of 2,548.00 and a beta of 0.61. The stock has a 50-day simple moving average of $26.24 and a 200-day simple moving average of $27.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a 1-year low of $23.50 and a 1-year high of $34.50.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, sell-side analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle purchased 2,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $26.00 per share, with a total value of $52,000.00. Following the purchase, the director now directly owns 17,621 shares in the company, valued at $458,146. This trade represents a 12.80 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have bought 12,255 shares of company stock valued at $319,732. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Norwood Financial

Several hedge funds have recently added to or reduced their stakes in the business. Emerald Advisers LLC bought a new position in shares of Norwood Financial in the 4th quarter valued at about $122,000. Wells Fargo & Company MN grew its holdings in shares of Norwood Financial by 21.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 928 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Norwood Financial in the 3rd quarter valued at about $200,000. Deutsche Bank AG bought a new position in shares of Norwood Financial in the 4th quarter valued at about $232,000. Finally, Bank of America Corp DE grew its holdings in shares of Norwood Financial by 48.9% in the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 2,985 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Norwood Financial Company Profile

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.